FMP
BMO Equal Weight US Banks Index ETF
ZBK.TO
TSX
The fund is passively managed to provide exposure to the large-cap banking segment of the US financials sector. This includes commercial banks, savings institutions, and diversified investment. To be eligible for inclusion, companies must meet investability and liquidity requirements, including a minimum market capitalization of $10 billion. The index weights the resulting portfolio equally, instead of by market-cap, which lowers single-name blow-up risk and may cause a tilt to smaller firms. The index is reconstituted on a semi-annual basis.
39.07 CAD
0.09 (0.23%)
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